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31 Dec 2014
EUR/GBP nears 2-month lows
FXStreet (Mumbai) - The single currency extended its long run of losses against the British pound today and drifted close to two-month lows mainly on the Euro weakness.
The EUR/GBP pair now trades at 0.7803 levels, down -0.12% on the day, having hit fresh daily low at 0.7798 levels few minutes ago. The EUR/GBP continues the bearish tone largely as the Euro extended losses versus the US counterpart on prevailing Greek worries and on growing speculation that the European Central Bank may consider going in for a full-blown quantitative easing program at their next meeting on Jan 22. The EUR/USD pair is losing now -0.07% on the day. While the GBP/USD pair trades unchanged, at time of writing.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7846 (Dec 30 High) and above which it could extend gains to at 0.7903 (Dec 8 High) levels. To the downside immediate support might be located at 0.7795 (Nov 6 Low) and below that at 0.7750 levels.
The EUR/GBP pair now trades at 0.7803 levels, down -0.12% on the day, having hit fresh daily low at 0.7798 levels few minutes ago. The EUR/GBP continues the bearish tone largely as the Euro extended losses versus the US counterpart on prevailing Greek worries and on growing speculation that the European Central Bank may consider going in for a full-blown quantitative easing program at their next meeting on Jan 22. The EUR/USD pair is losing now -0.07% on the day. While the GBP/USD pair trades unchanged, at time of writing.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7846 (Dec 30 High) and above which it could extend gains to at 0.7903 (Dec 8 High) levels. To the downside immediate support might be located at 0.7795 (Nov 6 Low) and below that at 0.7750 levels.